The Obama administration is weighing the merits of taking China’s censorship of Google Inc.

The Obama administration is weighing the merits of taking China’s censorship of Google Inc. to the World Trade Organization as an unfair barrier to trade.
Australia’s economy grew last quarter at the fastest pace in almost two years, underscoring the central bank’s decision yesterday to boost borrowing costs for the fourth time in five meetings. Gross domestic product climbed 0.9 percent from the third quarter, when it gained a revised 0.3 percent, said the Bureau of Statistics.
Pfizer Inc., the world’s biggest drugmaker, is bidding as much as 3 billion euros ($4.08 billion) for German generic-drug maker Ratiopharm GmbH, said two people with knowledge of the talks. Recall-plagued Toyota Motor reported a 9% drop in U.S. sales in February, but it appears other automakers didn't gain as much from Toyota's problems as expected. Toyota's U.S. arm is again looking to 0% financing to pull it out of a sales slump. The last time Toyota rolled out a nationwide incentive plan like this was in late 2008, as the entire U.S. auto industry was getting crushed by tight credit and a collapsing economy. Nissan is recalling 540,000 vehicles worldwide to fix faulty brake pedal pins and inaccurate fuel gauges. Export has maintained a positive trend in the month of January. It is up 11.5%. Imports surged by 35% during the same month signaling that the economy is on recovery path. Aviation sector sector seems to be looking up on the back of improvement in passenger traffic at some of the key airports. Cement companies have hiked prices for third month in a row. The RBI is expected to hike repo and reverse repo rates in the forthcoming policy meet scheduled in the month of April. Companies like Reliance Capital, Mahindra Financial, Cholamandalam, Religare, the Aditya Birla Group and Tata Finance are planning to bid for banking license. Fame has appointed two nominees from Inox and Mr. Kishore Biyani on its board. TCS has bagged 600million pound outsourcing contract from the UK Government for managing a state-sponsored pension scheme that is still in the works. Nissan is in talks with Ashok Leyland to develop a global small car costing under USD5000. Hind Dorr-Oliver has acquired a company, Davy Markham (UK) for about Rs.66 crore. New Silk Route (NSR) has picked up a little over 30% in Nectar Lifesciences for Rs.250 crore. Moody’s may upgrade Tata Motors on better Q3 performance. Nifty March contracts ends the Day up by 92.45 points at a premium of 5.80 points adding OI by 1.6%. Nifty OI PCR at 1.243 compared to 1.191 at the close of last Day. Nifty puts sees addition of 41.96 Lakhs and calls sees addition of 16.44 Lakhs over the day. Highest OI in Nifty calls seen at 5100 March strike and puts at 4800 March strike. Nifty VIX at 21.63 from 24.20 last day. Long build up seen in FORTIS, APOLLOTYRE, PIRHEALTH, JISLJALEQS, BHUSANSTL, TATAMOTORS, ORIENTBANK, ACC, BANKBARODA, ASHOKLEY, DENABANK, MLL, HINDALCO, FINANTECH, CROMPGREAV, CENTURYTEX, SESAGOA, BHEL, ULTRACEMCO, JSWSTEEL, SAIL, CANBK & ZEEL during the day. Short build up seen in ABB, BPCL, RENUKA, TULIP, GAIL, DLF, HINDPETRO, CHAMBLFERT, BALRAMCHIN, CHENNPETRO & BAJAJHIND during the day.
FII side over the Day saw short covering in Nifty futures and Nifty options was seen to be bought. Long build up was seen in stock futures segment from the FII side.